• What is CMHC Mortgage Default Insurance?
    Mortgage Advice

    What is CMHC Mortgage Insurance?

    Anyone can put 5% down when they purchase a home, not just first time home buyers. You just have to qualify for mortgage default insurance. This is where CMHC (Canada Mortgage and Housing Corporation) comes in. If you tell a mortgage broker you only want to put 5% down, they’ll know to find you an “insured” mortgage. There are costs and restrictions on insured mortgages. But they give you access to the best rates and terms. So what kind of mortgage default insurance companies are out there? How does mortgage insurance work? And what are costs and restrictions for insured mortgages? Let’s dive in… What is mortgage default insurance? Mortgage default…

  • How to qualify for a mortgage - Joel Arndt Mortgage Agent
    Mortgage Advice

    How to qualify for a mortgage

    Let’s look at “The ABC’s of Mortgage Qualification.” There’s a lot here, bookmark this page and come back to it as you need. Awareness – How does a mortgage work? What are you even applying for? You’re going to sign a lot of paperwork when you get a mortgage. What are you agreeing to? Here’s an overview of how most mortgages work. These are all general introductions to much deeper topics and definitions. Use these definitions as a starting point for your investigation.  Budget – What can you realistically afford to pay each month? What’s your household, “take-home” income? It could be income from jobs, a business, contract work, commissions,…

  • How to get a construction mortgage blog post - Joel Arndt - Mortgage Agent
    Mortgage Advice

    How to get a construction mortgage

    A construction mortgage lets you build a home without using up all of your personal cash. It’s not a simple process, but you’re probably someone who thrives on tackling complex projects and carving out your own space in the world. You’ve always dreamed of building a home. You get lost for hours on Pintrest or Tik Tok, scrolling through insanely gorgeous custom homes. But you’re not just a dreamer. You save and budget and invest. You’ve probably already completed multiple renovations on your own home. Friends and family who have built a home patiently withstand your questions and curiosity. You know that building a home is not for the faint…

  • What is a mortgage pre-approval?
    Mortgage Advice

    What is a Mortgage Pre-Approval?

    Short Answer: A pre-approval in Ontario is when you qualify for a specific mortgage amount and interest rate from a lender. With a mortgage pre-approval in hand, you can confidently put offers in on homes. Your realtor will know what price range to show you and you’ll be able to make quick decisions about how much to offer on a house you like. But pre-approvals (sometimes referred to as pre-qualification) aren’t a commitment. The lender will lock in the interest rate, but the actual mortgage amount you’re qualified for may change for various reasons. So why get a pre-approval at all? Let’s dive in… Why do I need to get…

  • How to Lower Your Mortgage Payment When You Renew - Joel Arndt - Mortgage Agent
    Mortgage Advice

    How to Lower Your Mortgage Payment When You Renew

    The hard truth is that anyone renewing their 5 year old mortgage right now is getting a higher interest rate, meaning their mortgage payment is going to go up. If you’re in that situation, it can be a painful truth to face. Technically you qualified for your current mortgage at 5.25%, the stress test rate. But that doesn’t mean you can afford  to pay an interest rate of 5.25% or higher now. So what are your options? It will be hard to keep your budge intact with that higher payment, especially given current inflation levels. There are, however, a few ways to lower your mortgage payment and give your budget…

  • How to investing in the stock market
    Stock Investing

    How Stock Investing is Like Gardening

    Let’s help you wrap your head around the stock market and investing in stocks. If you’re having a hard time understanding a lot of the lingo, if all the charts and graphs go right over your head, you’re not alone. And there is nothing wrong with you. Let’s take a few steps back, right back to the ground level, maybe even get our hands a little dirty. 😉 A simple way to look at investing in stocks… Think of your stock portfolio as a garden. The plants are shares of companies (stocks). You design a garden that balances your needs and wants. Maybe a mix of flowers and bushes, vegetables…

  • Small Thoughts

    Make Money Online From Home – Amazon Associates Quick Guide

    A lot of people have just lost their jobs. (We’re in the middle of social isolation because of COVID-19 right now.) And I’m aware the NOBODY is invulnerable. So I want to start doing what I should have done a LOOOONG time ago. I learned about affiliate marketing almost 7 years ago. Do you think I did anything about it then? NOPE. Shame on me. But here I am, finally getting some affiliate marketing going. Hopefully it’s not too late. Time will tell. So what is affiliate marketing? I market someone else’s product and collect a commission for it. There are a thousand ways to do this, but the easiest…

  • When your property isn't your own Ontario Real Estate Basics
    Real Estate

    When your property isn’t your own

    In this video: How easements affect your property rights. Defining an encroachment. Ontario Real Estate Basics This stuff doesn’t come easy to most. Ownership structure, land rights, bylaws, financing, legal processes… there are a thousand details to keep track of in any real estate transaction. Unless you geek out over real estate. Then it’s just fun. I geek out over real estate. Granted there are definitely Ontario real estate laws and procedures that drive me up the wall, but mostly, it’s awesome! So I’m studying to license as an Ontario Realtor. It will be a dream come true to talk about real estate all day! 😊 But I figured, why…

  • Open Sky Copywriting

    Old Christmas Ads That Will Surprise You and Inspire You

     Advertising would exploit Christmas, but only you determine the integrity of the Christmas spirit. How you spend your holidays determines if the Christmas spirit is alive and well or not. Are you with the people you want to be with?  Are you generous, kind, and forgiving? Christmas is about intentionally loving. No corporation can rob you of that. But corporations are built by humans and they can create some pretty entertaining advertising, especially through the lens of 30, 40 or even 100 years. Let’s have some fun and look at old advertising.